DAC member profile: Iceland

Statistics from the Development Co-operation Report 2016

In 2015, Iceland delivered USD 39 million in net ODA (preliminary data), which represented 0.24% of its gross national income (GNI) and an 11.3% increase in real terms from 2014. Iceland is committed to achieving 0.7% ODA/GNI, and this commitment has been accompanied by an increase in official development assistance (ODA), both in terms of volume and as a share of GNI since 2012. Iceland is the 17th largest Development Assistance Committee (DAC) provider in terms of ODA as a percentage of GNI, and the 28th in terms of volume. Iceland untied 100% of its ODA (excluding administrative costs and in-donor refugee costs) in 2014, compared to the DAC average of 80.6%. Its ODA was also fully untied in 2013 and 2012. The grant element of total ODA was 100% in 2014. At present, data on other official flows, private grants (funds raised by non-governmental organisations and foundations) and private flows at market terms from Iceland to developing countries are not available.

Peer review findings: 2013

Latest evaluation reports

The DAC conducted a special review of Iceland from November 2012 to January 2013 and concluded that Iceland has established a legal foundation for its development co-operation, a comprehensive strategy and a clear commitment to increase its development co-operation budget despite a challenging economic context.